Slovakia: Industrial production accelerates in October
December 10, 2014
Industrial production grew 2.7% in October over the same month last year, which came in notably above the 0.4% rise tallied in September. According to the statistical office, October’s acceleration was mainly the result of strong growth in manufacturing output. Conversely, electricity, gas and air-conditioning supply, as well as mining and quarrying recorded decreases compared to the same month last year.
On a monthly basis, industrial production rose 1.1% in seasonally-adjusted terms in October, which contrasted the 0.5% decline recorded in September. Despite October’s improvement, the upward trend in industrial output continued to moderate, with annual average growth edging down from 6.3% in September to 5.9% in October.
Author: Cecilia Simkievich, Economist